UBC Algorithmic Fundamentals ETF
Name
As of 07/01/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-12.9%
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$1.55 M
Holdings in Top 10
62.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 07/01/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
UBCB - Profile
Distributions
- YTD Total Return -25.7%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 0.1%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameUBC Algorithmic Fundamentals ETF
-
Fund Family NameUltra Blue Capital
-
Inception DateDec 15, 2021
-
Shares Outstanding75000
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPouya Taaghol
Fund Description
The Fund is actively managed by proprietary artificial intelligence (AI) algorithms. Under normal circumstances, the Fund invests at least 80% of its net assets (including borrowing for investment purposes) in large capitalization (“large cap”) companies listed on U.S. stock exchanges and markets, including common stocks, American Depositary Receipts (“ADRs”) and exchange-traded funds (“ETFs”) that provide exposure to large cap companies. The Adviser defines large cap equity securities as companies with market capitalizations of $10 billion or more, measured at the time of purchase.
In normal market conditions, the Adviser anticipates the Fund will hold 40-100 different positions across a broad spectrum of industries as dictated by its proprietary investment models. The Fund may take larger positions in certain companies and/or industries as dictated by its proprietary investment models. The Fund operates as a “non-diversified” fund which means it can invest in fewer securities at any one time than a diversified fund. The Fund’s systematic investment process is based on rigorous back testing of proprietary and evolving data-driven strategies and is designed to allow the Fund to achieve attractive risk-adjusted returns (i.e., returns made relative to the amount of risk taken). The Fund’s use of a systematic investment process does not guarantee that such risk-adjusted returns will be achieved.
In making investment decisions, the Adviser’s algorithms are trained to invest in profitable companies with predicted expanding fundamentals (i.e., companies demonstrating such things as improved cash flows and earnings per share, reasonable price-to-earnings ratio, and improving price-to-earnings growth and dividend yield). In predicting fundamentals, the Adviser uses its proprietary machine-learnings forecasting algorithms. The proprietary forecasting algorithms generate a wide range of short- to mid-term fundamental predictions for economic metrics, industries, and companies’ fundamentals (including financials and operating metrics) across multiple sectors. These fundamental predictions are underpinned by a highly scalable proprietary backend system which processes factual and market datasets available in the public domain. These datasets include historical financial statements, historical price action for companies, investor sentiment, and leading economic indicators, such as gross domestic product, purchasing manager’s index and consumer purchasing index. The Fund’s portfolio will be actively managed and may have exposure to growth and/or value companies. The Adviser believes that by running multiple independent models it serves as a cross-check for the predictions generated by the models.
The Adviser’s AI-driven algorithms actively identify opportunities and automatically invest, divest, and rebalance the Fund’s portfolio allocation, as well as provide real-time performance monitoring and systematic risk management through both rule-based and machine-learning algorithms to optimize portfolio performance. The risk/performance metrics the Adviser regularly calculates, and uses include Sharpe ratio, Sortino ratio, maximum drawdown, beta, alpha, standard deviation, portfolio turnover, and trading costs. In addition, the Adviser utilizes portfolio optimization techniques to determine trading activity, taking into account anticipated transaction costs associated with trading a particular security. The model parameters the Adviser may optimize include security selection criteria, weighting, diversification, rebalancing frequency, and cash allocation. The Adviser has full discretion to override the machine-learning algorithms at any time, but it is unlikely the Adviser will do so on a regular basis. This would generally occur when portfolio security weightings and/or the portfolio turnover exceed expected thresholds.
The Adviser may employ various overlay strategies for the Fund that are designed to increase return and/or hedge against market risks and/or generate income. One strategy that may be employed by the Adviser involves writing covered calls on the broad market using ETF(s) based options and/or on stock holdings in the Fund. The Fund’s use of covered calls will provide the Fund with income, but it will limit the Fund’s opportunity to profit from an increase in the market value of the underlying security to the exercise price (plus the premium received). The Adviser may write call options on securities indices when the Adviser believes the underlying index is going to be flat or down. Both of these overlay strategies are designed to generate income for the Fund during periods when market conditions are expected to be flat to neutral. Another overlay strategy the Adviser may employ involves the use of short selling. Short selling involves investing in such a way that the Fund will benefit from a decline in value of an asset. The Adviser’s use of short selling will be primarily used to hedge/protect against a perceived risk such as a major market downturn. It is anticipated that the Fund’s use of short selling will typically involve shorting ETF(s) and/or stock holdings in the Fund. The Adviser may purchase put options on securities indices and/or stock holdings that provide downside protection as it relates to the Fund’s exposure to large cap stocks and/or to a market sector that the Adviser has identified as a risk for the Fund.
UBCB - Performance
Return Ranking - Trailing
Period | UBCB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -12.9% | -44.2% | 29.4% | 93.63% |
1 Yr | N/A | -98.5% | 134.1% | N/A |
3 Yr | N/A* | -77.0% | 26.3% | N/A |
5 Yr | N/A* | -60.5% | 23.2% | N/A |
10 Yr | N/A* | -34.9% | 19.6% | N/A |
* Annualized
Return Ranking - Calendar
Period | UBCB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -98.8% | 81.6% | N/A |
2022 | N/A | -39.5% | 48.7% | N/A |
2021 | N/A | -13.0% | 34.8% | N/A |
2020 | N/A | -27.1% | 10.6% | N/A |
2019 | N/A | -15.9% | 33.2% | N/A |
Total Return Ranking - Trailing
Period | UBCB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -25.7% | -44.2% | 29.4% | 94.48% |
1 Yr | N/A | -98.5% | 134.1% | N/A |
3 Yr | N/A* | -77.0% | 32.9% | N/A |
5 Yr | N/A* | -60.5% | 23.2% | N/A |
10 Yr | N/A* | -34.9% | 19.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | UBCB Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -98.8% | 81.6% | N/A |
2022 | N/A | -39.5% | 48.7% | N/A |
2021 | N/A | -13.0% | 34.8% | N/A |
2020 | N/A | -16.8% | 10.6% | N/A |
2019 | N/A | -15.9% | 35.6% | N/A |
UBCB - Holdings
Concentration Analysis
UBCB | Category Low | Category High | UBCB % Rank | |
---|---|---|---|---|
Net Assets | 1.55 M | 189 K | 222 B | 99.69% |
Number of Holdings | 61 | 1 | 3509 | 50.61% |
Net Assets in Top 10 | 951 K | -1.37 M | 104 B | 98.39% |
Weighting of Top 10 | 62.67% | 9.4% | 100.0% | 3.38% |
Top 10 Holdings
- Apple Inc 15.23%
- Microsoft Corp 12.91%
- Alphabet Inc Class A 9.44%
- Amazon.com Inc 7.60%
- Tesla Inc 4.95%
- Meta Platforms Inc Class A 3.88%
- NVIDIA Corp 3.59%
- UnitedHealth Group Inc 2.41%
- Johnson & Johnson 2.28%
- The Home Depot Inc 2.11%
Asset Allocation
Weighting | Return Low | Return High | UBCB % Rank | |
---|---|---|---|---|
Stocks | 99.95% | 0.00% | 107.71% | 8.87% |
Cash | 0.06% | -10.83% | 100.00% | 89.68% |
Preferred Stocks | 0.00% | 0.00% | 4.41% | 55.58% |
Other | 0.00% | -2.66% | 17.15% | 58.72% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 52.75% |
Bonds | 0.00% | -1.84% | 98.58% | 52.52% |
Stock Sector Breakdown
Weighting | Return Low | Return High | UBCB % Rank | |
---|---|---|---|---|
Technology | 40.48% | 0.00% | 69.82% | 28.56% |
Consumer Cyclical | 21.08% | 0.00% | 62.57% | 13.94% |
Communication Services | 13.33% | 0.00% | 66.40% | 18.99% |
Consumer Defense | 8.01% | 0.00% | 25.50% | 9.11% |
Industrials | 4.58% | 0.00% | 30.65% | 67.84% |
Energy | 3.58% | 0.00% | 41.09% | 17.00% |
Healthcare | 3.21% | 0.00% | 39.76% | 97.40% |
Utilities | 2.42% | 0.00% | 16.07% | 7.20% |
Basic Materials | 2.10% | 0.00% | 22.00% | 30.47% |
Financial Services | 0.92% | 0.00% | 43.06% | 97.01% |
Real Estate | 0.29% | 0.00% | 29.57% | 59.42% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | UBCB % Rank | |
---|---|---|---|---|
US | 99.64% | 0.00% | 105.43% | 6.27% |
Non US | 0.31% | 0.00% | 54.22% | 82.49% |
UBCB - Expenses
Operational Fees
UBCB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.75% | 0.01% | 7.09% | 62.97% |
Management Fee | 0.75% | 0.00% | 1.50% | 81.82% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 1.02% | N/A |
Sales Fees
UBCB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 8.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
UBCB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 5.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
UBCB Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 316.74% | N/A |
UBCB - Distributions
Dividend Yield Analysis
UBCB | Category Low | Category High | UBCB % Rank | |
---|---|---|---|---|
Dividend Yield | 0.07% | 0.00% | 12.29% | 13.05% |
Dividend Distribution Analysis
UBCB | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annually | Quarterly | Annually |
Net Income Ratio Analysis
UBCB | Category Low | Category High | UBCB % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -6.13% | 2.90% | N/A |
Capital Gain Distribution Analysis
UBCB | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Jun 28, 2022 | $0.013 | OrdinaryDividend |
Mar 29, 2022 | $0.022 | OrdinaryDividend |
UBCB - Fund Manager Analysis
Managers
Pouya Taaghol
Start Date
Tenure
Tenure Rank
Dec 15, 2021
0.46
0.5%
Pouya Taaghol, PhD , Principal of Ultra Blue Capital, manages two hedge funds that make investment decisions using proprietary machine-learning algorithms similar to those being used for the Fund. However, Dr. Taaghol has no prior experience managing an ETF. Prior to founding Ultra Blue Capital, Dr. Taaghol was the Chief Technology Officer of Cisco System Inc’s Smart Home and Intel Corporation’s Mobile Wireless Group where he led technology evolution, intellectual property strategies, ecosystem development, business acquisition, and divesture. Dr. Taaghol has also held senior technical positions at Motorola and NEC. He holds over 25 issued and pending patents in wireless/networking/security/big data, and 150+ publications and contributions to standards bodies. Dr. Taaghol holds a BSc from Sharif University of Technologies (Iran) and a PhD from University of Surrey (UK).
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 54.45 | 8.08 | 2.92 |